Bitcoin rocketed 15% to get back above $70,000 but the options market is currently pricing in a terrifying new floor
Bitcoin ripped from $60,000 to above $70,000 in lower than 24 hours, erasing most of a brutal 14% drawdown that had examined each bottom-calling thesis in the market. The pace of the reversal, 12% in a single session and 17% off the intraday low, was violent sufficient to really feel like a capitulation resolved. Yet,…
